After nearly two years of political wrangling and fraught negotiations the EU has formally approved the 5th Anti-Money Laundering Directive (5th AMLD), giving member states until late next year to...
The EU is finally on the brink of introducing a raft of new anti-money laundering (AML) regulations, including tighter controls on prepaid cards, cross-border payments and virtual currencies.
Transparency International has accused the world’s most powerful countries of having inadequate beneficial ownership regimes, warning that financial firms are being given licence to send illicit...
The UK could be moving closer to a single coherent policy on virtual currencies, as the country’s primary financial regulator has announced its intention to investigate the issue and turn out an...
Poland has effectively pre-empted incoming EU rules on e-money and virtual currency, bolstering its overdue implementation of the 4th Anti-Money Laundering Directive with tough controls on prepaid...
European enforcement agencies have found fresh links between payment cards, cryptocurrencies and organised crime, dismantling a group involved in laundering the proceeds of illicit drug sales.
The UK’s Financial Conduct Authority is carrying out "diagnostic work" on money laundering and terrorist financing in the e-money sector, and European authorities are being urged to follow suit.
Irish authorities have insisted that a draft bill implementing the 4th Anti-Money Laundering Directive (4th AMLD) will be published by the end of this month, after again being scolded by the EU for...
Legal experts have sought to ease concerns over rumours that the funding structure of the Spanish data protection authority could incentivise heavy penalties against financial firms.
A European Commission official has taken issue with proposals to subject firms to fraud notification rules reminiscent of data breach reporting requirements, part of incoming reforms around non...
Irish lawmakers have opened conversation about how to react to the emergence of virtual currency and blockchain businesses, although legal experts doubt they will go beyond work already underway at...
Cryptocurrency businesses could be entering a landmark year for global regulatory standards, industry leaders believe — a welcome development for those hoping legal certainty will drive mainstream...
Spain's attempts to lure UK payments institutions concerned over the potential loss of passporting rights are being hampered by slow adoption of EU regulatory requirements in the country.
The European Parliament last week adopted a set of recommendations on countering terrorist financing, but some MEPs have warned that the new measures do not go far enough.
As the European Parliament prepares to vote on new counter-terrorist financing plans, some of the more ambitious suggestions have raised eyebrows in the industry.
Results from the latest plenary session of the Financial Action Task Force (FATF) have raised hopes that fintechs may soon see more concrete guidance on how to handle terrorist financing.
The European Commission is set to begin discussions with national authorities and market participants on whether virtual currencies are in need of more effective regulatory oversight.
Slovakia has taken a significant step towards implementing EU anti-money laundering reforms, although the new controls are likely to take effect more than a year late.
A draft action plan for fintech recently leaked from the European Commission has raised concerns about the pace and feasibility of the accelerating drive for regulatory alignment.
The European Parliament has voted to include Tunisia on a blacklist of countries at high risk of money laundering, despite vocal opposition from concerned parties.

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